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relations with rwanda. furthermore, we must know how to evisceration tends to deal with the drc government invited his deficiencies and security sector reform. this hearing will take a comprehensive look at who is responsible for the security and eastern congo beyond the two government and militias. most attention is being paid to the rebel movement in eastern congo justifiably so. in light of the recent seizure territory and overall destructive impacts on the people of eastern congo. however their are reportedly as many as two dozen armed groups terrorizing congolese in these regions. according to a 20 subreport, commodities of war, nine of these militias are believed to be the most permanent. they range from those for the focus on rwanda or uganda, today was formed in response to perpetrators for a genocide in rwanda to the dear the ortho singly focused on the drc itself. whatever the region for their founding, their terrorist eastern congo and the drc as a whole. we consider the flow of arms that enables
relations with rwanda. furthermore, we must know how to evisceration tends to deal with the drc government invited his deficiencies and security sector reform. this hearing will take a comprehensive look at who is responsible for the security and eastern congo beyond the two government and militias. most attention is being paid to the rebel movement in eastern congo justifiably so. in light of the recent seizure territory and overall destructive impacts on the people of eastern congo. however...
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that rwanda has in eastern congo. cultural ties and security interests that they would be able to ensure, including other political dissidents. however, that being said, you noted basing that determination, the peace process would have to find a way of to identify a solution which appears to appeal to their long-term objective. in order for them to stop. i am not convinced that anything less at this stage than something close to that long-term objective would cause them to stop. however, if that solution is identified, there could be some kind of decentralization process and the implementation of that agreement will require significant accompaniment and tremendous investment, not only from the united states, but other members of the international community to reinforce the capacity of the countries and perhaps external control and manipulation. that will be, as i say, realistically one of the keys moving forward from this current crisis and it requires a very long-term commitment to building up an economically and ind
that rwanda has in eastern congo. cultural ties and security interests that they would be able to ensure, including other political dissidents. however, that being said, you noted basing that determination, the peace process would have to find a way of to identify a solution which appears to appeal to their long-term objective. in order for them to stop. i am not convinced that anything less at this stage than something close to that long-term objective would cause them to stop. however, if...
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the rwanda genocide. now, that office dealt more with the united nations than with africa, even though the united nations was dealing with the issue. at the time, it was a working level staff position. her first in government. ambassador rice could make announcements, but wouldn't be involved in making such an important decision about getting involved militarily in rwanda and president clinton said he made the decision. it was the greatest mistake of his presidency. and susan rice traveled to rwanda shortly after the genocide and said seeing the horrors of rwanda, the ground littered with hundreds of thousands of bodies is what actually made her passionate about the issue of preventing genocide in the future. she realized this was a wrong decision of the administration. she returned when she became u.n. ambassador, spoke about that experience and there's also a quote from her in the book reference by rabbi shmuley in which she swore that if she ever faced a crisis like that again, she would argue for dram
the rwanda genocide. now, that office dealt more with the united nations than with africa, even though the united nations was dealing with the issue. at the time, it was a working level staff position. her first in government. ambassador rice could make announcements, but wouldn't be involved in making such an important decision about getting involved militarily in rwanda and president clinton said he made the decision. it was the greatest mistake of his presidency. and susan rice traveled to...
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. >>> our third story out front tonight, ambassador rice's role in rwanda. a group of religious leaders have opened a new line of attack on the woman believed to be the leading candidate for secretary of state. by questioning rice's role in the clinton administration during the rwanda again side. rick warren tweeted this. susan rice's appalling words when she put election politics ahead of stopping the again side in rwanda. before that tweet was deleted. a 2002 article claims rice said this. if we use the word again side and are seen as doing nothing, what will be the effect on the november congressional election? our foreign affairs reporter is out front tonight. elise, does the criticism against rice add up, do you think? >> i don't think 100%, soledad. susan rice was director for u.n. affairs at the national security council at the time of the again side, the rwanda again side. that office dealt more with the united nations than with africa, even though the united nations was dealing with the issue. at the time it was a working level staff position. her f
. >>> our third story out front tonight, ambassador rice's role in rwanda. a group of religious leaders have opened a new line of attack on the woman believed to be the leading candidate for secretary of state. by questioning rice's role in the clinton administration during the rwanda again side. rick warren tweeted this. susan rice's appalling words when she put election politics ahead of stopping the again side in rwanda. before that tweet was deleted. a 2002 article claims rice said...
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at the same time, he was very involved in the rwanda affair, he travelled to rwanda. and -- but at the same time, soledad, he's also a politician, he just lost a congress ap campaign. a republican campaign. and the republicans as you know, are piling on to their concerns about rice related to the benghazi issue. i might note that neither rah by schmooley as a citizen raised this during susan rice's campaign to the u.s. ambassador to the u.s. >> thanks elise. appreciate it. >>> out front tonight, john boehner offers up his own plan to avoid the fiscal cliff. the president responds and a new heir to the british thrown is on the way. an unusual condition is keeping the duchess of cambridge in the hospital. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. just two aleve can keep pain away all day. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell
at the same time, he was very involved in the rwanda affair, he travelled to rwanda. and -- but at the same time, soledad, he's also a politician, he just lost a congress ap campaign. a republican campaign. and the republicans as you know, are piling on to their concerns about rice related to the benghazi issue. i might note that neither rah by schmooley as a citizen raised this during susan rice's campaign to the u.s. ambassador to the u.s. >> thanks elise. appreciate it. >>>...
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why is rwanda supporting m23? >> secretary carson house outlined -- there is an incredible body of evidence that there are supporting m23. one of the reasons that there is support there, it goes to the origins of the group an rwanda's interests. m23 classes themselves as the guardians -- sees themselves as the guardians. >> what is the strength of drc? >> the combo is about the size of western europe. -- congo is about the size of western europe. of 6000 deployed in the east. i do not know what the exact deployment is, because there is a vast amount of territory that the army is trying to cover with 150,000 troops. >> we're talking about a force of 1000. why is this such a big issue for the drc in order to be able to basically prevail in this situation? >> you want to -- >> a think today probably the m23 has 2000 course so troops. -- or so troops. cote is useful to graphically described the congo as a country which is as large as the eastern part of the united states, from the atlantic to the mississippi. it is an
why is rwanda supporting m23? >> secretary carson house outlined -- there is an incredible body of evidence that there are supporting m23. one of the reasons that there is support there, it goes to the origins of the group an rwanda's interests. m23 classes themselves as the guardians -- sees themselves as the guardians. >> what is the strength of drc? >> the combo is about the size of western europe. -- congo is about the size of western europe. of 6000 deployed in the east....
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and then you know the other questions that are really central that i want to see her pressed on are rwanda her whole policy towards africa that's really where she launched her career from as an africa specialist and i would say with regard to the holdings in trans canada and other energy companies she needs to let go of them if she wants to be a credible candidate i think that that's a totally black or white thing and i hope you know you'll keep pushing on it and other people keep pushing it because that's very clear there's not much ambiguity there and that was michael brooks producer of the majority report. well we're starting to get a clearer picture painted for us of the future of the spy culture in the u.s. and the extent to which it's grown over the last ten years an article over the weekend in the washington post revealed that the pentagon is creating an intelligence agency of its own that could rival the cia in both size and scope the defense intelligence agency is aiming to have as many as one thousand six hundred collectors they're called in positions around the world and accordi
and then you know the other questions that are really central that i want to see her pressed on are rwanda her whole policy towards africa that's really where she launched her career from as an africa specialist and i would say with regard to the holdings in trans canada and other energy companies she needs to let go of them if she wants to be a credible candidate i think that that's a totally black or white thing and i hope you know you'll keep pushing on it and other people keep pushing it...
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. >> rwanda has rejected a report that says it was involved in the rebel goma capture rebel in congo -- the democratic republic of congo. the drc is now back in control -- control. in the uk, starbucks says it will start paying corporation tax. the company has nearly 1/3 of the uk coffee shop market, but has only paid the tax once in the past 15 years. starbucks has been stung by public criticism of its actions. you're watching "bbc world news america." still to come on tonight's program, nearly 25 years after a deadly gas attack, one kurdish town is still trying to identify the scores of people who died. to japan now, where the authorities are trying to figure out how tunnel collapsed on sunday, killing at least nine people. huge concrete slabs in the tunnel smashed on to cars. that started a fire on the main route from tokyo to central japan. we report now on that story. >> only this morning, the mangled wreckage of three vehicles was brought -- early this morning, the mangled wreckage of three vehicles was brought from the tunnel. last came a small delivery truck. the driver had b
. >> rwanda has rejected a report that says it was involved in the rebel goma capture rebel in congo -- the democratic republic of congo. the drc is now back in control -- control. in the uk, starbucks says it will start paying corporation tax. the company has nearly 1/3 of the uk coffee shop market, but has only paid the tax once in the past 15 years. starbucks has been stung by public criticism of its actions. you're watching "bbc world news america." still to come on...
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report said that rwanda is backing the rebels as a means of trying to secure control of resource rich parts of condoms to try. to bring it up as they come and i'll be back in thirty five minutes from now the news continues in the meantime we head off to washington. and couple accounts with the industry off but. you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. the gold fever. turns out as events into slaves. much problems but also among others involved in the monsoon and since i started working at the moment i stated. multinationals. cash cow to be milked dry and if i think that in this country metallurgy as an environmental cost which is unacceptable to local business was labelled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. we are forced to pay protection to illegal groups prices colombia going to pay. t
report said that rwanda is backing the rebels as a means of trying to secure control of resource rich parts of condoms to try. to bring it up as they come and i'll be back in thirty five minutes from now the news continues in the meantime we head off to washington. and couple accounts with the industry off but. you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realized...
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constitutional issues should involve the opposition as well as civic organizations a un report said that rwanda is backing the rebels as a means of trying to secure control of resource rich parts of congolese territory. back with more news in about thirty five minutes from now a. report gives the u.k.'s financial destiny its own verdict that program is coming your way after this short break. wealthy british style. markets why not. come to. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report on. you know how sometimes you see a story and it seems so. you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. thank. you guys you're welcome to the kaiser report people of the united kingdom listen to me i've seen your future and your future is scum villages and royal babies that the newspapers say will look like this yes i may have the eyes of a col
constitutional issues should involve the opposition as well as civic organizations a un report said that rwanda is backing the rebels as a means of trying to secure control of resource rich parts of congolese territory. back with more news in about thirty five minutes from now a. report gives the u.k.'s financial destiny its own verdict that program is coming your way after this short break. wealthy british style. markets why not. come to. find out what's really happening to the global economy...
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report said that rwanda is backing of rebels as a means of trying to secure control of resource rich parts of congolese territory. well more news coming up later this hour including who's cashing in on america's soaring prison population explore the cheap labor market booming behind bars. that story to come after the break but we've got business as well after the break and the beach is here to tell us all about that so i understand that well european banks they really are now facing even more problems that's right you can say that they have a fiscal cliff of their own because new rules are coming in january which means that they need to save up more money just for a day but they're like half a trillion euros short i'll tell you more about that all right thanks a lot to retreat. wealthy british sign on. the. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kaiser report on our. fever. time style.
report said that rwanda is backing of rebels as a means of trying to secure control of resource rich parts of congolese territory. well more news coming up later this hour including who's cashing in on america's soaring prison population explore the cheap labor market booming behind bars. that story to come after the break but we've got business as well after the break and the beach is here to tell us all about that so i understand that well european banks they really are now facing even more...
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constitutional issues should involve the opposition as well as civic organizations a un report said that rwanda was backing the rebels as a means of trying to secure control of resource rich parts of congolese territory. while the e.u. strongly condemns the construction of israeli settlements its members are still having to buy products with millions of dollars from them every year where there was a lot of reports there are growing calls to ban trade which is illegal under international law. produce of israel except this isn't israel this is the jordan valley in the west bank and this farm is deemed illegal under international law the european union imports around three hundred million dollars worth of products from here each year now a group of twenty two n.g.o.s from across europe is looking to highlight the issue and it's published a report in which it claims e.u. imports make the settlements viable because they are produced in illegal settlements which are contrary to international humanitarian law should be banned out of the european union now if this is not possible at least the consumers
constitutional issues should involve the opposition as well as civic organizations a un report said that rwanda was backing the rebels as a means of trying to secure control of resource rich parts of congolese territory. while the e.u. strongly condemns the construction of israeli settlements its members are still having to buy products with millions of dollars from them every year where there was a lot of reports there are growing calls to ban trade which is illegal under international law....
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the clinton administration officials who are involved in both sides of both letting what happened in rwanda happen and then probably going too far in the other extreme of being too forgiving of of the rwandan government it's so interesting to me because the position of secretary of state is so important in terms of representing this country on an international scale so why are we not hearing in the mainstream media about decisions like this decisions and policy shaping ideas about africa this is not what we're hearing. well because you know these are more complex topics they're a little bit they're not in the news cycle though obviously there's a lot happening in congo right now that's relevant to this discussion like you point out but benghazi is saturday or sunday morning you know argument topic right now and it's partisan and it's easy to fit into soundbites and people are scoring points and it's easy to cover and easy to have people to come on and argue with each other about it's not to say that what happened in benghazi isn't really important and worthy of of talking about but her role
the clinton administration officials who are involved in both sides of both letting what happened in rwanda happen and then probably going too far in the other extreme of being too forgiving of of the rwandan government it's so interesting to me because the position of secretary of state is so important in terms of representing this country on an international scale so why are we not hearing in the mainstream media about decisions like this decisions and policy shaping ideas about africa this...
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this working and training local communities for self protection was done in rwanda against the fdlr. i am not so sure about doing this in the congo. it is attractive to me, but i guess i would say it depends on the community. i would say the key here is to engage and embrace the congolese government at the most senior level, but not just the presidential level, which is why i keep talking about some kind of by national commission. then you can start penetrating those ministries which have the responsibility, even bring governors over so that you can do at the provincial level. i guess i think that the real heavy lift here is more on the diplomatic side, and working very carefully with the congolese government, which is essentially isolated and does not have much contact with our officials i remember about the army that was not paid -- officials. >> i remember about an army that was not paid. that says an awful lot about the nature and character of society. i think we all agree that if you have a security solution, but does not sit with the situation on the ground, it will simply not
this working and training local communities for self protection was done in rwanda against the fdlr. i am not so sure about doing this in the congo. it is attractive to me, but i guess i would say it depends on the community. i would say the key here is to engage and embrace the congolese government at the most senior level, but not just the presidential level, which is why i keep talking about some kind of by national commission. then you can start penetrating those ministries which have the...
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it helps them find customers here in the united states and the money goes back to the women in rwanda to provide for their families. they created a partnership with j. crew, nicole miller, and ralph lauren. >> the newthing about new africa is it creates distribution channels for these women to have access to consumers that would never have access to their products prior. >> you can buy indigo africa's products online, go to nbcwashington.com and search african gifts. >>> let's get one more check on our weather forecast. doug kammerer is live outside the white house now with the national christmas tree lighting. hey, doug. >> reporter: hey, guys. they just brought up neil patrick harris. you see him right there behind me. he's got on a very nice scarf. if you see neil patrick harris, you know things are about to get started here. they're about to bring up the president in the next couple of minutes to light the national christmas tree. we'll be here right on through the rest of the evening. >> celebrating 90 years of a very special national tradition. calvin coolidge has been part of t
it helps them find customers here in the united states and the money goes back to the women in rwanda to provide for their families. they created a partnership with j. crew, nicole miller, and ralph lauren. >> the newthing about new africa is it creates distribution channels for these women to have access to consumers that would never have access to their products prior. >> you can buy indigo africa's products online, go to nbcwashington.com and search african gifts. >>>...
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who are concerned about this fear and of community that there would be another hurdle on the coleco rwanda would lead them to fight even if they lose damascus and as they put additional pressures on the unity of the syrian state and we certainly do not want to see the syrian state disintegrate. it goes back into this question of how to convince the community that it has a role in the future of syria like others in their doesn't have to be a genocide. i was struck by the editorial or an opinion piece in "the new york times" i think at the beginning of last week for the week before about the next genocide being against allowites, and that fear is present among the community members and so what you are talking about is just an extension of that and the way around it is the political solution the longer the violence goes on, the more extremist groups benefit and based on what we have seen of no sort of parent organization, al qaeda and iraqi will not be merciful at all so it is incumbent on us to bolster what in the political opposition which is what we are trying to do. >> thank you, ambassad
who are concerned about this fear and of community that there would be another hurdle on the coleco rwanda would lead them to fight even if they lose damascus and as they put additional pressures on the unity of the syrian state and we certainly do not want to see the syrian state disintegrate. it goes back into this question of how to convince the community that it has a role in the future of syria like others in their doesn't have to be a genocide. i was struck by the editorial or an opinion...
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i'm sure ambassador rice wouldn't suggest that everything is perfect in countries like uganda, and rwanda and ethiopia and south africa, but nonetheless, there's been progress in all these places, and we sometimes had to work with people who weren't perfect, but this author made it sound as if she was somehow guilty by association with anything they did wrong, and somehow had picked the wrong people to try to work with. i thought it was an absurd argument, and it sort of contributes to the same tone we've been hearing the last few weeks. >> well, there have been all these things coming out that people have been lobbing her way, and does this need to be resolved one way or the other? the president now we're told might even wait several more weeks before making decisions, not clear whether that's going to take place, but meanwhile, you have john kerry, who is going to be holding hearings on benghazi. hillary clinton is going to be testifying when that report comes out. we expect it by next week at the latest. that is the investigative panel, which will be turned over to the senate and house
i'm sure ambassador rice wouldn't suggest that everything is perfect in countries like uganda, and rwanda and ethiopia and south africa, but nonetheless, there's been progress in all these places, and we sometimes had to work with people who weren't perfect, but this author made it sound as if she was somehow guilty by association with anything they did wrong, and somehow had picked the wrong people to try to work with. i thought it was an absurd argument, and it sort of contributes to the same...
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you make of the american appetite as it stands given where we've been on certain issues after bosnia, rwanda, there was a sense we would not let these things go without attention and resources and you look at what's happening in syria and it's a complicated issue to be sure but is there an american outcry to the extent that we would have expected to have one, given where we've been on human rights abuses in previous eras? >> i think there is a tremendous amount of compassion and concern by ordinary americans. i hate to say this on this tv show, but you're actually covering those issues and a lot of places just aren't to the extent they used to. i think that's part of the problem. but one example of that is right now, one of the issues we're really working hard on, is this anti-homosexually bill in uganda which would make homosexuality punishable by the death penalty. it's wound its way through the system, on the precipes of being passed. the speaker of the house of representatives says she's going to pass this bill as a gift to the people of uganda by christmas. so the next two and a half we
you make of the american appetite as it stands given where we've been on certain issues after bosnia, rwanda, there was a sense we would not let these things go without attention and resources and you look at what's happening in syria and it's a complicated issue to be sure but is there an american outcry to the extent that we would have expected to have one, given where we've been on human rights abuses in previous eras? >> i think there is a tremendous amount of compassion and concern...
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after what has happened in rwanda in the 1990's, and in bosnia, the international community came up with an excellent idea after that, in establishing the international criminal court in july of 2002. after that, the responsibility is to protect in 2005. after that, the international community will understand that if a state cannot commit crimes against its own people. should the international community -- the syrian case officially approve that all of this discussion and all of that was untrue. we have been seeing crimes against humanity. we have been seeing war crimes committed by the regime, day-by- day. children, women -- we see all the time torture. children are being tortured. we have been seeing cases of rape in different areas. we have seen a systematic and widespread policy of targeting organization figures and leaders. these are crimes against amenity. despite all of that, we have five special sessions of the u.n. human rights council in geneva. they come up with strong resolutions that what is happening in syria are crimes against humanity. they establish an inquiry to investi
after what has happened in rwanda in the 1990's, and in bosnia, the international community came up with an excellent idea after that, in establishing the international criminal court in july of 2002. after that, the responsibility is to protect in 2005. after that, the international community will understand that if a state cannot commit crimes against its own people. should the international community -- the syrian case officially approve that all of this discussion and all of that was...
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outside support in particular from rwanda has an able the threat today and poses a challenge to efforts to stabilize the eastern drc and ensure protection of civilians. as president obama made clear in a phone call with the rwandan president, is inconsistent with the desire for stability and peace. based on support for
outside support in particular from rwanda has an able the threat today and poses a challenge to efforts to stabilize the eastern drc and ensure protection of civilians. as president obama made clear in a phone call with the rwandan president, is inconsistent with the desire for stability and peace. based on support for
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president clinton had said allowing genocide to happen in rwanda was one of his greatest failures in office. we know the president spent time with bill clinton recently. what is your sense how potent this is for president obama and whether or not he would take the step of taking out these facilities before this could happen? >> well i think we obviously known about the threat of syria's chemical weapons capability for a long time and this conflict has been going on now, getting close to two years. so we're a little bit late in the game to finally be worried about what might happen. in fact, there is actually a bigger risk in my view. it will be a tragedy if the weapons are used against the opposition in syria. but the potential for an even larger tragedy exists if the opposition gets hold of these chemical weapons, the terrorist elements in the opposition and sends them outside syria where they could be used by terrorists around the world. so the threat, although our immediate focus is the risk inside syria, i don't think we can ignore. i think america's focus ought to be the threat
president clinton had said allowing genocide to happen in rwanda was one of his greatest failures in office. we know the president spent time with bill clinton recently. what is your sense how potent this is for president obama and whether or not he would take the step of taking out these facilities before this could happen? >> well i think we obviously known about the threat of syria's chemical weapons capability for a long time and this conflict has been going on now, getting close to...
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it's outside of rwanda, angola. the government had to build this to solve its housing shortage, but very few can actually afford to live there. cnn's dave mckenzie takes us inside a high-rise ghosttown. ♪ >> this is the promise of a new angola. the government propaganda video shows the scale of the new city. ♪ the chinese got. it's quite extraordinary. some five years ago there was absolutely nothing here. just bush. in that time they have schools and medical centers, kindergartens and tens of thousands of apartments. built using angola's oil credit lines with china. the final touches are still being made. but there are highways without cars. schools with no pupils. it feels like a ghosttown. we eventually found someone who had bought a flat. >> so you live in this apartment building? which -- where is your apartment? on the seventh floor. wow. and this building, is it completely filled? >> no, no. >> translator: no. we have through residents in this building. three apartments occupied. >> reporter: is it strang
it's outside of rwanda, angola. the government had to build this to solve its housing shortage, but very few can actually afford to live there. cnn's dave mckenzie takes us inside a high-rise ghosttown. ♪ >> this is the promise of a new angola. the government propaganda video shows the scale of the new city. ♪ the chinese got. it's quite extraordinary. some five years ago there was absolutely nothing here. just bush. in that time they have schools and medical centers, kindergartens...
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greatest regret as far as being a president on a policy issue is that he failed to do anything as far as rwanda and the generocide that goes on. >> he blames himself. >> he knew what was going on. he made that decision not to intervene and 800,000 or so people were slaughtered as a result of that. i went with him to those countries in 1998. susan rice was with me on that trip as well as assistant secretary for african affairs. he blames himself. >> to retroactively turn that on susan rice is ridiculous. >> that's a former situation that obviously the former president of the united states knows very, very well. piers morgan will have the full interview tonight at 9:00 p.m. eastern. i think you're going to want to watch this important interview. piers is going to join us in our 6:00 p.m. eastern hour as well. >>> both egyptians that despise the government are venting on the streets. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cr
greatest regret as far as being a president on a policy issue is that he failed to do anything as far as rwanda and the generocide that goes on. >> he blames himself. >> he knew what was going on. he made that decision not to intervene and 800,000 or so people were slaughtered as a result of that. i went with him to those countries in 1998. susan rice was with me on that trip as well as assistant secretary for african affairs. he blames himself. >> to retroactively turn that...
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countries like rwanda have been ranked no. 1. if you look around the markets, you will see the authority. 90% of the world's population. they're going to see improvements in those lives. there will be issues, but the story is very strong and that is why we are seeing the story being very positive. >> tell us about the frontier markets because you cite the story of capital labor productivity. it will explode very dramatically? >> i think there is a clear delineation between the advanced emerging economies and the frontier economies, but our related or integrated it is to the developed market, how much exposure do they have? in terms of trade and foreign direct investment, it is heavily dependent on the united states and europe. africa has 1 billion people and is less than 2% of world trade or direct investment. the real engine of growth is not going to be trade, unfortunately. if you look at valuations of the bank's and trading in the local market, the story is credible and hits to the story rather than be integrated. >> it doesn'
countries like rwanda have been ranked no. 1. if you look around the markets, you will see the authority. 90% of the world's population. they're going to see improvements in those lives. there will be issues, but the story is very strong and that is why we are seeing the story being very positive. >> tell us about the frontier markets because you cite the story of capital labor productivity. it will explode very dramatically? >> i think there is a clear delineation between the...